(5) amounts due, or to become due, in respect of share capital, or other contributions from members of the affiliated company, subscribed or called for but not fully paid up; and

(6) assets that cannot effectively be made available or realised to meet losses (if any) arising in the firm, including assets that represent capital not owned, directly or indirectly, by the firm.

5.4

01/01/2016

See Notes

The assets selected pursuant to 5.3(1) and which are excluded from the total assets:

(1) where the affiliated company is an insurance undertaking, must be identified and valued in accordance with any relevant provision of the PRA Rulebook or FCA Handbook as to the value, admissibility, nature, location or matching that apply to the assets available to cover its liabilities (determined under any relevant provision of the PRA Rulebook or FCA Handbook);

(ii) assets falling within 5.3(5) where the amount is due, or to become due, from an affiliated company; but

(5) notwithstanding 5.1, 5.2 and 5.3, a liability of an affiliated company which is a debt due to the firm is not required to be determined at an amount which is higher than the value placed on that debt as an asset of the firm.